The facility, which is at full-scale production, manufactures drive belts for the North American market to fulfil increased aftermarket and light vehicle demand.

Iveco announced that it has reached an agreement with German private equity firm, Mutares SE & Co. KGaA, to sell its firefighting vehicle manufacturing unit (Magirus GmbH) for an undisclosed fee, pending regulatory approval.

Ballard has announced plans for a USD 200 million twenty-two acre fuel cell production Gigafactory (“Ballard Rockwall Giga 1”) in Rockwall, Texas. Ballard has confirmed that USD 40 million in subsidies/grants is expected from the U.S. Department of Energy’s (DOE) Hydrogen and Fuel Cell Technologies Office, through the Clean Hydrogen Electrolysis, Manufacturing, and Recycling Program.

With an increasing focus on battery packs, electric powertrains and battery management systems for electric Commercial Vehicles (CVs), the firm has active plans to expand its customer base amongst global CV manufacturers.

Indomobil is the Indonesian assembly and distribution partner for several overseas vehicle brands, as well as commercial vehicle companies such as Hino, Renault Trucks and Volvo Trucks.

Tata Daewoo claims to have a presence in more than 90 markets worldwide, which includes using knock-down (KD) assembly operations in seven countries.

Cummins used the World Truck Show to launch the next-generation heavy-duty on-highway diesel X15 engine.

Under this recognition certification, Tata Motors can now claim incentives to enhance and expand production of M3 category3 electric buses.

The company announced record full-year sales of USD 3,035 million, which increased the Earnings Per Share (EPS) to a record USD 7.04, up 34 per cent from 2022. 2023 net income was USD 673 million, compared with 2022 figures of USD 531 million.

DAF Trucks Vlaanderen (a subsidiary of Dutch truck manufacturer, DAF Trucks NV) has been named “Factory of the Future” by the Belgian technology federation Agoria. The criteria are based on sustainability and the use of pioneering technology and manufacturing practices.

ADL announced that is growing its presence in the North American market, with an order for 12 battery-electric Enviro500EV double-deck buses to the public transport agency, Foothill Transit, to operate in downtown Los Angeles in 2026.

Inflation, higher energy costs, supply chain disruptions, and the continuing impact of the COVID-19 pandemic on the company’s finances were cited as reasons behind the decision to slash the company workforce.